RBI Bulletin

46. Combined Receipts and Disbursements of the Central and State Governments

Date : Aug 14, 2019

(₹ Billion)

Item

2013-14

2014-15

2015-16

2016-17

2017-18 RE

2018-19 BE

1

2

3

4

5

6

1 Total Disbursements

30,002.99

32,852.10

37,606.11

42,659.69

48,579.90

53,611.81

1.1 Developmental

17,142.21

18,720.62

22,012.87

25,379.05

29,324.08

32,025.64

1.1.1 Revenue

13,944.26

14,830.18

16,682.50

18,784.17

22,525.73

24,390.87

1.1.2 Capital

2,785.08

3,322.62

4,120.69

5,012.13

5,857.77

6,745.79

1.1.3 Loans

412.88

567.82

1,209.68

1,582.75

940.58

888.98

1.2 Non-Developmental

12,427.83

13,667.69

15,108.10

16,726.46

18,542.53

20,762.79

1.2.1 Revenue

11,413.65

12,695.20

13,797.27

15,552.39

17,684.36

19,839.32

1.2.1.1 Interest Payments

5,342.30

5,845.42

6,480.91

7,244.48

8,166.36

8,851.50

1.2.2 Capital

990.37

946.87

1,273.06

1,157.75

844.41

909.08

1.2.3 Loans

23.81

25.63

37.77

16.32

13.76

14.40

1.3 Others

432.95

463.79

485.14

554.17

713.29

823.38

2 Total Receipts

30,013.72

31,897.37

37,780.49

42,884.32

47,718.59

52,780.35

2.1 Revenue Receipts

22,114.75

23,876.93

27,483.74

31,322.01

35,923.82

41,185.41

2.1.1 Tax Receipts

18,465.45

20,207.28

22,971.01

26,221.45

30,132.23

34,941.02

2.1.1.1 Taxes on commodities and services

11,257.81

12,123.48

14,409.52

16,523.77

18,296.56

22,138.76

2.1.1.2 Taxes on Income and Property

7,176.34

8,051.76

8,522.71

9,656.22

11,802.47

12,775.14

2.1.1.3 Taxes of Union Territories (Without Legislature)

31.30

32.04

38.78

41.46

33.20

27.12

2.1.2 Non-Tax Receipts

3,649.30

3,669.65

4,512.72

5,100.56

5,791.59

6,244.38

2.1.2.1 Interest Receipts

401.62

396.22

357.79

332.20

316.10

368.35

2.2 Non-debt Capital Receipts

391.13

609.55

598.27

690.63

1,651.83

1,428.43

2.2.1 Recovery of Loans & Advances

93.85

220.72

165.61

209.42

648.80

616.50

2.2.2 Disinvestment proceeds

297.28

388.83

432.66

481.22

1,003.03

811.93

3 Gross Fiscal Deficit [ 1 - ( 2.1 + 2.2 ) ]

7,497.11

8,365.63

9,524.10

10,647.04

11,004.25

10,997.97

3A Sources of Financing: Institution-wise

3A.1 Domestic Financing

7,424.19

8,236.30

9,396.62

10,467.08

10,980.08

11,023.86

3A.1.1 Net Bank Credit to Government

3,358.58

–374.76

2,310.90

6,171.23

1,447.92

..

3A.1.1.1 Net RBI Credit to Government

1,081.30

–3,341.85

604.72

1,958.16

–1,448.47

..

3A.1.2 Non-Bank Credit to Government

4,065.61

8,611.06

7,085.72

4,295.85

9,532.16

..

3A.2 External Financing

72.92

129.33

127.48

179.97

24.18

–25.89

3B Sources of Financing: Instrument-wise

3B.1 Domestic Financing

7,424.19

8,236.30

9,396.62

10,467.08

10,980.08

11,023.86

3B.1.1 Market Borrowings (net)

6,391.99

6,640.58

6,732.98

6,898.21

7,951.99

8,398.36

3B.1.2 Small Savings (net)

–142.81

–565.80

–785.15

–1,050.38

–1,653.29

–1,434.61

3B.1.3 State Provident Funds (net)

312.90

343.39

352.61

456.88

406.13

474.19

3B.1.4 Reserve Funds

34.63

51.09

–33.22

–64.36

6.70

31.14

3B.1.5 Deposits and Advances

255.45

275.45

134.70

177.92

168.45

159.10

3B.1.6 Cash Balances

–10.72

954.74

–174.38

–224.63

861.31

831.46

3B.1.7 Others

582.75

536.84

3,169.08

4,273.43

3,238.79

2,564.21

3B.2 External Financing

72.92

129.33

127.48

179.97

24.18

–25.89

4 Total Disbursements as per cent of GDP

26.7

26.3

27.3

27.8

28.4

28.1

5 Total Receipts as per cent of GDP

26.7

25.6

27.4

27.9

27.9

27.7

6 Revenue Receipts as per cent of GDP

19.7

19.2

20.0

20.4

21.0

21.6

7 Tax Receipts as per cent of GDP

16.4

16.2

16.7

17.1

17.6

18.3

8 Gross Fiscal Deficit as per cent of GDP

6.7

6.7

6.9

6.9

6.4

5.8

Source : Budget Documents of Central and State Governments. …: Not available. RE: Revised Estimates; BE: Budget Estimates Note : GDP data from 2011-12 onwards are based on 2011-12 base. Data from year 2015-16 pertains to 29 states. The GDP data from 2015-16 pertains to the Second Advance Estimates of National Income released by Central Statistics Office on 28th February 2018. GDP for 2016-17 (RE) and 2017-18 are from Union Budget 2017-18. Total receipts and total expenditure exclude National Calamity Contingency Fund expenditure. 1 & 2: Data are net of repayments of the Central Government (including repayments to the NSSF) and State Governments. 1.3: Represents compensation and assignments by States to local bodies and Panchayati Raj institutions. 2: Data are net of variation in cash balances of the Central and State Governments and includes borrowing receipts of the Central and State Governments. 3A.1.1: Data as per RBI records. 3B.1.1: Includes borrowings through dated securities and 364-day Treasury Bills. 3B.1.2: Represent net investment in Central and State Governments’ special securities by the National Small Savings Fund (NSSF). 3B.1.6: Include Ways and Means Advances by the Centre to the State Governments. 3B.1.7: Include Treasury Bills (excluding 364-day Treasury Bills), loans from financial institutions, insurance and pension funds, remittances, cash balance investment account.

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